Type:Notice
Citation:90 FR 9450
Reading Time:about 3 minutes
The Nasdaq Stock Market LLC has filed a proposed rule change with the Securities and Exchange Commission to delay the implementation of a new Options Regulatory Fee (ORF) and its methodology. Initially set to start earlier, the new ORF will now be implemented on June 1, 2025, and will end on December 1, 2025. Additionally, Nasdaq plans to revert the ORF to the rate of $0.0016 per contract side, effective March 1, 2025. The Securities and Exchange Commission is inviting public comments on this proposed rule change until March 5, 2025.
Simple Explanation
Nasdaq is changing a fee they charge for trading options, and they decided to wait a little longer before starting the new changes. They want to hear what people think about this change until early March.